* indicates monthly or quarterly data series

Number of companies listed on the stock exchange, 2022:

The average for 2022 based on 11 countries was 65 companies. The highest value was in South Africa: 237 companies and the lowest value was in Rwanda: 5 companies. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

Measure: companies; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries Listed companies, 2022 Global rank Available data
South Africa 237 1 1975 - 2022
Nigeria 173 2 1993 - 2022
Mauritius 89 3 1993 - 2022
Kenya 59 4 1993 - 2022
Seychelles 46 5 2013 - 2022
Ghana 30 6 1993 - 2022
Botswana 23 7 1993 - 2022
Tanzania 22 8 1999 - 2022
Zambia 22 9 1995 - 2022
Namibia 14 10 1993 - 2022
Rwanda 5 11 2018 - 2022



Definition: Listed domestic companies, including foreign companies which are exclusively listed, are those which have shares listed on an exchange at the end of the year. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status, are excluded. A company with several classes of shares is counted once. Only companies admitted to listing on the exchange are included.

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